INSM

Insmed Incorporated
NasdaqGSUSDEQUITY Healthcare DELAYED
Last price
106.50
▲ 2.67 (2.57%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
105.19
Prev close
103.83
Day high
107.87
Day low
101.37
Volume
3.69M
Market cap
$22.98B
P/E (TTM)
—
52W range
90.39 – 212.75

Day trading desk

Current session · delayed
Gap from prior close
+1.31%
Prior close 103.83
VWAP
104.83
+1.59% from price
Relative volume
1.20×
Normal
Session range
6.67%
101.37 – 108.13
Position in range
76%
Near session high
ATR (14D)
5.23
4.91% of price
Prior day high
108.75
PDH
Prior day low
101.65
PDL
Bid / ask spread
—
Quote not published
Session volume
3.08M
Avg 2.56M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
-8.99% -10.9%
1M
-16.68% -17.8%
3M
-9.70% -14.2%
6M
-35.45% -53.6%
YTD
-39.54% -53.8%
1Y
-33.04% -49.5%
3Y
+316.75% +234.5%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on INSM open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
-104.26K
Net selling
Buy transactions
17
401.73K shares
Sell transactions
26
506.00K shares
Net transactions
+43
Buys less sells
Sell : buy shares
1.3 : 1
Mixed
Insider-held shares
1.10M
Total on file
Bought 401.73KSold 506.00K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 9, 26
BRENNAN DAVID R
Director
SELL 25.00K $3.10M Direct
Aug 17, 26
SHAROKY MELVIN A
Director
SELL 5.00K $637.65K Indirect
Aug 10, 26
ADSETT ROGER
Chief Operating Officer
SELL 239.85K $31.96M Direct
Aug 10, 26
ADSETT ROGER
Chief Operating Officer
CONVERSION 239.85K $4.91M Direct
Aug 6, 26
FLAMMER MARTINA
Officer
SELL 27.17K $3.49M Direct
Aug 6, 26
FLAMMER MARTINA
Officer
CONVERSION 27.17K $576.13K Direct
Jul 23, 26
LEWIS WILLIAM H
Chief Executive Officer
SELL 10.70K $1.13M Direct
Jul 23, 26
LEWIS WILLIAM H
Chief Executive Officer
CONVERSION 10.70K $266.87K Direct
Jul 9, 26
LEWIS WILLIAM H
Chief Executive Officer
SELL 10.70K $1.26M Direct
Jul 9, 26
LEWIS WILLIAM H
Chief Executive Officer
CONVERSION 10.70K $266.84K Direct
Jul 6, 26
FLAMMER MARTINA
Officer
SELL 12.30K $1.35M Direct
Jul 6, 26
FLAMMER MARTINA
Officer
CONVERSION 12.30K $317.44K Direct
Jun 25, 26
LEWIS WILLIAM H
Chief Executive Officer
SELL 21.40K $2.21M Direct
Jun 25, 26
LEWIS WILLIAM H
Chief Executive Officer
CONVERSION 21.40K $533.68K Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
ADSETT ROGER
Chief Operating Officer 98.74K Sale
ANDERSON ELIZABETH M
Director 62.03K Stock Award(Grant)
BONSTEIN SARA M
Chief Financial Officer 69.08K Sale
BRENNAN DAVID R
Director 99.24K Sale
FLAMMER MARTINA
Officer 60.49K Sale
LEWIS WILLIAM H
Chief Executive Officer 492.98K Sale
MCGIRR DAVID W J
Director 97.72K Stock Gift
SCHAFER CAROL ANNE
Director 66.62K Stock Award(Grant)
SHAROKY MELVIN A
Director — Sale
WISE JOHN DRAYTON
Officer 133.01K Sale

Fundamentals

TTM · reported
Market cap$22.98B
Enterprise value$22.55B
Revenue (TTM)$1.14B
Gross profit$949.42M
EBITDA$-794.96M
Net income$-875.31M
EPS (TTM)$-4.10
Free cash flow$-571.82M
Total cash$1.16B
Total debt$739.72M
Book value / share$3.47
Shares outstanding218.38M
Float216.93M
Short % of float5.57%
Dividend yield0.00%
Beta (5Y)0.82

Valuation & profitability ratios

Account required
Trailing P/E—
Forward P/E135.82
PEG ratio1.09
Price / sales—
Price / book30.33
EV / revenue19.82
EV / EBITDA-28.37
Gross margin83.45%
Operating margin-23.81%
Profit margin-76.94%
Return on equity-87.22%
Return on assets-22.17%
Debt / equity97.65
Current ratio3.72
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 5 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $606.42M$363.71M$305.21M$245.36M +66.7%
Operating revenue $606.42M$363.71M$305.21M$245.36M +66.7%
Cost of revenue $122.94M$85.74M$65.57M$55.13M +43.4%
Gross profit $483.49M$277.96M$239.63M$190.23M +73.9%
Research & development $771.09M$598.37M$571.01M$397.52M +28.9%
Selling, general & admin $701.17M$461.12M$344.50M$265.78M +52.1%
Total operating expense $1.48B$1.06B$920.56M$668.36M +38.9%
Operating income -$994.78M-$786.57M-$680.93M-$478.12M -26.5%
Net interest income -$83.80M-$84.91M-$81.69M-$26.45M +1.3%
Pre-tax income -$1.27B-$910.07M-$747.01M-$480.15M -39.7%
Tax provision $5.03M$3.71M$2.56M$1.38M +35.6%
Net income -$1.28B-$913.77M-$749.57M-$481.53M -39.7%
Net income to common -$1.28B-$913.77M-$749.57M-$481.53M -39.7%
Basic EPS -6.42-5.57-5.34-3.91 -15.3%
Diluted EPS -6.42-5.57-5.34-3.91 -15.3%
EBIT -$1.19B-$829.81M-$670.76M-$457.70M -43.9%
EBITDA -$1.18B-$818.79M-$660.18M-$447.37M -43.8%
Basic shares 199.01M164.04M140.43M123.03M +21.3%
Diluted shares 199.01M164.04M140.43M123.03M +21.3%

Options analytics

Account required
Put / call volume
0.17
Call-heavy session
Put / call open interest
0.23
Positioning, not flow
Max pain
115.00
+9.3% from spot
ATM implied vol
53.8%
Nearest strike to spot
Skew (10% OTM)
+0.1%
Puts bid over calls
Call volume
350
Contracts, this expiry
Put volume
60
Contracts, this expiry
Heaviest call OI
115.00
1.23K contracts
Heaviest put OI
125.00
262 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 -0.68-0.06 +91.2%
Mar 2026 -1.00-0.76 +23.9%
Dec 2025 -1.17-1.54 -31.9%
Sep 2025 -1.37-1.75 -27.8%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter -0.36 17 $500.94M +251.9%
Next quarter -0.30 17 $568.63M +115.5%
Current year -1.54 18 $1.81B +198.1%
Next year 0.77 18 $2.88B +59.0%

Analyst targets & ownership

Account required
Mean target$197.74
High target$243.00
Low target$169.00
Implied upside85.67%
Analyst count23
ConsensusSTRONG BUY
Strong buy / Buy5 / 19
Hold0
Sell / Strong sell0 / 0
Held by insiders0.51%
Held by institutions105.05%
Institutions holding970
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
113.39
-6.08% from price
SMA 20
118.65
-11.31% from price
SMA 50
119.76
-12.14% from price
SMA 100
112.64
-5.45% from price
SMA 200
132.14
-20.36% from price
EMA 12
113.16
-5.88% from price
EMA 26
117.04
-9.01% from price
EMA 50
117.94
-9.70% from price
RSI (14)
33.4
Neutral
MACD (12,26,9)
-3.88
Hist -1.91
ATR (14)
5.23
4.97% of price
Realised vol 30D
40.3%
Annualised
Bollinger upper
132.74
20, 2σ
Bollinger lower
104.56
20, 2σ
50 / 200 cross
Death
119.76 vs 132.14
Trend bias
Below 200
-20.36%

Options chain

Account required
Expiry
Spot 106.50
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
0.51
Less volatile than market
Correlation to SPY
0.11
Largely independent
Realised vol 30D
40.3%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-56.5%
Peak to trough
Max drawdown 5Y
-56.5%
Peak to trough
ATR 14
5.23
4.97% of price
Beta (reported)
0.82
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
10.80M
Prior 10.89M
Change vs prior
-0.8%
Shorts covering
% of float
5.57%
Normal
% of shares out
4.95%
Against total outstanding
Days to cover
5.7
Crowded exit
Float
216.93M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

227 on file
DateFirm ActionFromTo
Sep 30, 26 Barclays MAINTAINED Overweight Overweight
Sep 15, 26 Roth Capital MAINTAINED Buy Buy
Aug 10, 26 JP Morgan MAINTAINED Overweight Overweight
Aug 10, 26 Truist Securities MAINTAINED Buy Buy
Aug 7, 26 Guggenheim MAINTAINED Buy Buy
Aug 7, 26 Wells Fargo MAINTAINED Overweight Overweight
Aug 7, 26 Evercore ISI Group MAINTAINED Outperform Outperform
Jul 21, 26 BMO Capital INITIATED — Outperform
Jul 15, 26 Wells Fargo MAINTAINED Overweight Overweight
Jul 10, 26 Guggenheim MAINTAINED Buy Buy
Jun 22, 26 Evercore ISI Group MAINTAINED Outperform Outperform
Jun 8, 26 JP Morgan MAINTAINED Overweight Overweight

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split1:10
Split dateMar 3, 2011

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.